Michael T. Darda

Politics & Policy

Dynamism Vs. Demagoguery

The first batch of February economic data has sent the weak-growth-Fed-is-close-to-done crowd running for the hills. The Institute for Supply Management’s Non-Manufacturing Index (ISM Services) jumped to 60.1 in February ...
Politics & Policy

Nothing Weak About It

December non-farm payrolls rose by 108,000, about half the expected increase of 200,000, according to the Bureau of Labor Statistics. However, November non-farm job growth was revised up to 305,000 ...
Politics & Policy

Curtains For Tax Cuts?

The Wall Street Journal reported this week that Senate Finance Committee chairman Charles Grassley (R., Iowa) has stepped back from pushing a two-year extension on tax cuts for dividends and ...
Politics & Policy

No Dead Man Walking

Some commentators continue to sound the recession siren based on the notion that higher interest rates and a weaker housing market will conspire to collapse consumer spending, drawing the current ...
Politics & Policy

Post-Katrina Positives

The first batch of post-Katrina data show that the economy was more resilient than expected during September with core retail sales and high-tech production expanding at robust growth rates. Broad-based ...